Financial Institutions

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Financial Institutions

We work closely with clients in all areas of the financial institutions sector, including community, regional, national, and global commercial banks, private banks, thrifts, and credit unions, financial services providers such as investment banks, broker-dealers, and asset and wealth managers.

We also work with financial advisers, non-bank and non-traditional commercial and consumer lenders and intermediaries, including crowdfunding platforms, fintech companies, governmental bodies, insurers and insurance brokers, and fund managers (real estate, private equity, and debt-both onshore and offshore).

Recent domestic and global developments have created a complex financial regulatory landscape. Now, more than ever, you need an international legal partner like Womble Bond Dickinson that is able to balance your commercial and regulatory needs.

As a team, we have extensive experience in structuring and negotiating a wide range of financial transactions, including bilateral and syndicated credit facilities, asset-based lending, equipment leasing and finance, and finance for real estate, acquisition, receivables, projects, trade and other structured finance. We regularly advise secured lenders and creditors on restructurings, workouts, bankruptcy filings, receivership appointments and foreclosures.

In the fintech space, our clients include entrepreneurs and technology pioneers. We work with businesses that are reshaping the financial marketplace by developing and implementing new software, hardware, platforms, financial eco-systems, and business strategies.

We closed over 300 real estate finance transactions for banks, insurance companies, institutional lenders, and other investors during the past twelve months. These transactions financed the acquisition, development, and construction of a variety of projects including residential, multi-family, office, retail, industrial, and mixed use.

Represented financial institutions in over 200 syndicated credit facilities, during the past 12 months, in which they were a co-agent or participant lender, ranging from asset-based loans to investment grade unsecured facilities. The volume and diversity of the credit facilities raise a range of complex legal issues, including cross-border issues, and provides our firm with a comprehensive view of market terms in syndicated credit facilities. Also, in response to regulatory demands and a competitive commercial loan market, many banks have been updating their procedures for documentation and approval of syndicated and other large corporate lending transactions, and our firm has assisted with such policy updates and has presented on several occasions to groups including underwriters and in-house lawyers.

We completed equipment finance and leasing deals in the aggregate of over 5 billion dollars during the past twelve months. The individual transactions ranged from $750,000 to $350 million.

Over the past year, we financed in excess of 100 public finance transactions that totalled 10 billion dollars

We represent a US Government agency as lender in finance transactionsthat fund diverse projects in developing countries around the world, including high-quality schools in Kenya, a deluxe hotel in Liberia, affordable housing projects in Iraq, India, Central and South America, a hydropower plant in Sri Lanka, mortgage financing in Africa, East Asia and Mexico, a US Embassy in Central America, a rice mill in Indonesia, oil fields in South America, a high-tech office tower in Pakistan and the workout recovery of a Central American agricultural loan.

We have advised on Atom Bank - the UK’s first digital only bank - on fundraisings in excess of £200M, IP protection and all aspects of its IT mobilization.

Advised a UK government entity on structuring and formation of several funds including a £100million Life Sciences Fund and regional investment fund

Our banking practice in the UK is underpinned by clearing bank panel appointments to the majority of the major lenders. LMA membership keeps us at the forefront of market developments and expectations.

Sumitomo Mitsui Insurance Company Limited and others in relation to derivatives and the practical implications of the European Market Infrastructure Regulation

Lehman Brothers International (Europe) (in administration) in connection with a claim by Merrill Lynch Credit Products LLC raising issues relating to the termination of GMRAs, the circumstances giving rise to events of default under the GMRA and the proper construction of termination notices.

"They (Womble Bond Dickinson) are not only good lawyers; they are strong business partners."

Chambers and Partners, 2017

"Strong track record acting for borrowers on various banking matters, regionally and nationally. Offers expertise across a range of sectors, including property, retail, manufacturing and energy finance, particularly in relation to renewable energy. Additional capability in handling cross-border financings."

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